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Any Person Who Places Smaller Value on Gaining $20

Question 8

Multiple Choice

Any person who places smaller value on gaining $20.00 than on losing $20.00 is:


A) risk averse, at least in the neighborhood of their current income.
B) risk loving, at least in the neighborhood of their current income.
C) risk neutral, at least in the neighborhood of their current income.
D) so poor that $20.00 is very important to them.
E) so wealthy that $20.00 means very little to them.

Correct Answer:

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